European Credit Downgraded: What's Next? | WAMU 88.5 - American University Radio
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European Credit Downgraded: What's Next?

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Late Friday the U.S. credit rating agency Standard & Poors downgraded nine European countries. S&P suggested Europe's single-minded focus on austerity to solve its sovereign debt problem is just not working. Host Scott Simon speaks with NPR's John Ydstie about the downgrades.
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